Stocks and Precious Metals Charts – Winding Down – That Mourns In Lonely Exile Here
Stocks and Precious Metals Charts – Winding Down – That Mourns In Lonely Exile Here by Jesse – Jesse’s Crossroads Cafe’
“Christmas is built upon a beautiful and intentional paradox; that the birth of someone homeless should be celebrated in every home…
The place that the shepherds found was not an academy or an abstract republic, it was not a place of myths allegorised or dissected or explained or explained away. It was a place of dreams, come true.”
This is likely to be a quiet trading week with an upwards drift.
It was 60 degrees here, and I was out cleaning up the yard, wearing shorts. lol
The artificially low volatility in the stock and bond markets is a symptom of the broad mispricing of risks.
Partly this is because the Fed is raising rates in what can best be described as a ‘low inflation’ environment, while continuing to ride a big tranche of hot money in too few hands that has proven over and again its propensity for corruption and market manipulation.
Now, we here understand why the Fed is actually raising rates. It is so that they can lower them, when their latest asset bubble bursts, again. God forbid that they should go to the root of it, and correct the malinvestments of the bubble economy there.
But the market is reading this, perhaps willfully, as the Fed not being serious about their 2% inflation target. Or their regulatory responsibilities. And their vigilance on wage increases again shows how badly they are managing monetary policy. What is missing from this long, long ‘recovery’ is well-paying job growth.